Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Giordano Bruno who wrote (126576)	6/2/2008 3:54:11 PM
From: Jim McMannis	Read Replies (2) \| Respond to of 306849

WCI Stops Some Major Building Projects lohud.com Read Comments(5)Recommend Print this page E-mail this article Text Size: Normal \| Large \| Larger Share this article: Del.icio.us Facebook Digg Reddit Newsvine What’s this? The housing recession and the convulsions in America's financial markets are beginning to rattle a few of the major commercial and residential developments in Westchester and Rockland counties, altogether valued at more than $4 billion. In April, WCI Communities Inc. walked away from Encore Palisades, a 500-unit housing and retail project it proposed on town-owned land in Haverstraw. The Florida-based company has posted six straight quarterly losses as a result of contract cancellations and defaults around the country, and at least one Wall Street analyst said WCI runs the risk of bankruptcy.